Silver declines again – Analysis - 05-11-2018

Economies.com
2018-11-05 04:59AM UTC

Silver price ended last week exactly at 14.73, starting today with bearish bias to move below this level, which reactivates the recently suggested bearish trend scenario, which its main target located at 13.93.

 

Breaking 14.50 will ease the mission of achieving the mentioned target, while holding below 14.73 represents key condition to continue the expected decline.

 

Expected trading range for today is between 14.40 support and 14.85 resistance.

 

Expected trend for today: Bearish

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